Indian equity markets are expected to open on a cautious note, with sentiment highly sensitive to evolving geopolitical developments. The extension of the U.S.–Iran ceasefire by President Donald Trump, amid stalled negotiations, has offered only limited relief, as uncertainty around the durability of the truce continues to weigh on investor confidence. Global equities are showing a mixed to cautious trend, reflecting persistent uncertainty around geopolitics and energy markets. Risk appetite remains fragile, limiting aggressive positioning by investors.

Brent crude is trading in the $97–101 per barrel range, edging higher on lingering concerns over diplomatic progress and continued disruptions around the Strait of Hormuz. Elevated oil prices remain a key overhang for domestic markets, given their implications for inflation and broader macro stability. Foreign investor flows remain volatile, closely tracking global risk sentiment, crude price movements and currency dynamics. The prevailing uncertainty is likely to keep participation cautious, with the risk of intermittent outflows. 

Technical view

Nifty 50

Nifty 50 is currently trading near the 24,500–24,600 zone, following its recent recovery and breakout above key resistance levels. From a technical perspective, a sustained breakout above 24,600 will be crucial to validate further upside towards the 24,800–25,000 levels. On the downside, the 24,400–24,300 zone now acts as immediate support, aligning with the recent breakout area and representing a previous resistance turned support. A breach below this band could lead to a pullback towards the 24,100–24,000 range, which remains a key psychological and demand zone. Overall, the index maintains a cautiously positive bias, supported by its ability to hold above key levels. However, a decisive breakout above 24,600 is essential to confirm continuation of the uptrend.

Bank Nifty

Bank Nifty continues to exhibit relative strength, trading near the 57,300–57,400 zone, supported by strong performance in banking heavyweights and positive earnings sentiment. From a technical perspective, the index is approaching a critical resistance level around 57,500, where supply pressure was evident in previous sessions. A decisive breakout above this level will be required to trigger further upside towards the 58,000 mark. On the downside, the 56,700–56,600 zone acts as immediate support, which coincides with the 200-day EMA, followed by a stronger base near the 56,000–55,800 range. Sustaining above these levels will be crucial to maintain the current recovery structure. Overall, the outlook remains sideways to cautiously positive, with underlying strength intact but momentum capped near resistance. A clear breakout above 57,500 is necessary to confirm continuation of the uptrend, while failure to hold support levels may lead to short-term consolidation or mild profit booking.